Nifty was sideways down today with higher volumes and -ve breadth.Important points for today.
1.Nifty down by 0.5% with 0.6 breadth.
2.1st down day after 54 days of rally from 4786(33 days of downturn).
Nifty drifted down while staying sideways.Now todays move is either part of short term correction going on since last 4 days ,and is to be followed by an upside rally OR Nifty has reversed from its upmove.Next few days of move will indicate.Breach of 5400/5350 should signal the onset of a correction for the rally.
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